M&A

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Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy. Through British Gas Residential, it supplies gas and electricity to residential customers in the United Kingdom. Through Direct Energy, it provides residential energy supply, residential and business services and business energy supply. The International Upstream segment consists of the operations of Centrica Energy, which is engaged in production, processing, trading and optimization of gas and oil. The Centrica Storage segment includes the operations of Centrica Storage Limited, which provides gas storage services in the United Kingdom. Its brands include British Gas, Centrica Storage, Direct Energy, Dyno and Hive. more »

People close to the situation said Centrica had been left with no option but to go hostile after failing to enter into constructive talks with Venture's management team about an offer. Venture sources claimed, however, that the company had only held limited talks with Centrica about its takeover approach.

Personally I'd think that the outcome of this particular bid battle could be pivotal for sector sentiment...... though if Cntrica have read it right (since they claim their offer will be final) it could yet be a coup for them. IMO I think other deals won't take long to come out of the woodwork.

Quite amusing you say that. Soco recieved a bid October last year, 9 months on and we have'nt even got an offer. Venture which recieved a bid and now an offer much later then Soco are much closer to the finish line.